{"id":217326,"date":"2021-04-01T20:58:46","date_gmt":"2021-04-01T17:58:46","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/real-estate-giant-compass-valued-at-8-2b-in-nyse-debut\/"},"modified":"2021-04-01T20:58:46","modified_gmt":"2021-04-01T17:58:46","slug":"real-estate-giant-compass-valued-at-8-2b-in-nyse-debut","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/real-estate-giant-compass-valued-at-8-2b-in-nyse-debut\/","title":{"rendered":"#Real estate giant Compass valued at $8.2B in NYSE debut"},"content":{"rendered":"

“#Real estate giant Compass valued at $8.2B in NYSE debut<\/strong>”
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Shares of SoftBank-backed\u00a0Compass jumped 18 percent in their stock market debut on Thursday, giving the real estate brokerage firm a market value of $8.22 billion, after being priced at the lower end of the reduced initial public offering price range.<\/p>\n

The stock opened at $21.25, above the IPO price of $18 per share.<\/p>\n

The company, which downsized its IPO and reduced its price target range, sold 25 million shares on Wednesday, raising about $450 million. It was earlier looking to raise about $936 million by selling 36 million shares at the upper end of its initial price range of $23 to $26 per share.<\/p>\n

Compass\u00a0debuts at a time of historic boom in US capital markets, with companies raising $167 billion in 2020, according to data from Dealogic, a record that investment bankers expect will be surpassed this year.<\/p>\n

Founded in 2012 by former Twitter<\/a> engineer Ori Allon and former Goldman Sachs executive Robert Reffkin, New York City-based\u00a0Compass\u00a0runs an integrated software platform that serves real estate agents in the residential market.<\/p>\n

It recorded about $152 million in transactions in residential real estate last year, a recent regulatory filing showed, which represents nearly 4 percent of the US market.<\/p>\n

Compass\u00a0saw a surge in online home transactions during the COVID-19 pandemic, with revenue jumping 56 percent to $3.7 billion in 2020.<\/p>\n

The company had raised $1.5 billion from investors, including Goldman Sachs and Canada Pension Plan Investment Board, before its IPO. It was valued at $6.4 billion after a $370 million funding round in 2019.<\/p>\n

Goldman Sachs, Morgan Stanley and Barclays were the lead underwriters for the offering.\n <\/p><\/div>\n

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“#Real estate giant Compass valued at $8.2B in NYSE debut” Shares of SoftBank-backed\u00a0Compass jumped 18 percent in their stock market debut on Thursday, giving the real estate brokerage firm a market value of $8.22 billion, after being priced at the lower end of the reduced initial public offering price range. The stock opened at $21.25,…<\/p>\n","protected":false},"author":1,"featured_media":217327,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/04\/compass-soars-market-debut.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[100353,5007,71226,74124,75026],"class_list":["post-217326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-1-21","tag-ipo","tag-real-estate","tag-softbank","tag-valuations"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/217326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=217326"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/217326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/217327"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=217326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=217326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=217326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}